January 11th, 2008
Creates Largest U.S. Mortgage Lender and Servicer
CHARLOTTE, N.C., Jan. 11 /PRNewswire/ — Bank of America Corporation
today announced a definitive agreement to purchase Countrywide Financial
Corp. in an all-stock transaction worth approximately $4 billion.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b)
The purchase will make Bank of America the nation’s largest mortgage
lender and loan servicer. This is an important advancement in the company’s
desire to help customers and clients meet all of their financial needs. A
mortgage is one of the key foundations of many customer relationships.
Countrywide will benefit from the stability of being part of the
largest and one of the most financially strong financial institutions in
the United States.
Bank of America will benefit from Countrywide’s broader mortgage
capabilities, including its extensive retail, wholesale and correspondent
distribution networks. |
|
|
Share and Enjoy:
These icons link to social bookmarking sites where readers can share and discover new web pages.
Filed under: Uncategorized
